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kindama

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kindama

Re: None

Tuesday, 01/28/2014 10:41:51 AM

Tuesday, January 28, 2014 10:41:51 AM

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CXDC: Morgan Stanley extends to 2019 Link

This is great news because it eliminates the possibility of a cash squeeze that could have occurred if the preferred had to be redeemed in 2014 or 2015 at the same time the company needs funds for its Sichuan plant.

The complete text of the amendment sounds like conversion to stock is the expected outcome.
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